Your Thoughts Matter

Final report of the Congressional TARP Oversight Panel, March 2011

Source: JournalistsResource.org

As the U.S. financial crisis unfolded, President Bush and members of Congress authorized on Oct. 3, 2008, a rescue package called the Troubled Asset Relief Program (TARP). Many policymakers believed that the U.S. economy was, in the words of Federal Reserve Chairman Ben Bernanke, on the verge of ‘‘a cataclysm that could have rivaled or surpassed the Great Depression.’’

Debt and debt ceiling issues: Research roundup

Source: JournalistsResource.org

In recent years, the issue of ballooning national debt has surfaced in a variety of countries around the world, and the United States, of course, is no exception.

Recent research has produced a variety of theories and insights that apply to this issue, and much academic scholarship looks to draw lessons from economic history. Here are some relevant studies and working papers.

 

Government size and growth: A survey and interpretation of the evidence

Source: JournalistsResource.org

U.S. policymakers find themselves engaged in an often intractable and largely polarized debate about the size of government and its relationship to overall economic growth. A cause (or perhaps symptom) of this partisan polarization is a number of studies with highly variable results on the impact of government size on economic growth.